Calculate velocity if Y = 2000, r = 0.06, and ^e = 0.04.

(b.) If the money supply (M^s) is 2600, what is the price level?

(c.) Now suppose the real interest rate rises to 0.11, but Y and M^s are unchanged. What happens to velocity and the price level?

(d.)For part (c.), if the nominal interest rate were to rise from 0.10 to 0.15 over the course of a year, with Y remaining at 2000, what would the inflation rate be?